Analyst Says Meta Platforms (META) Remains His 'Number One' Pick

We recently published 10 Buzzing AI Stocks to Watch in September. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks to watch in September.

Kevin Simpson, Capital Wealth Planning founder and CIO, said in a CNBC program on August 22 that he bought Meta Platforms shares. Here is how he explained the reasons behind the move:

“We were not expecting the big spend for Google and also as an Alphabet shareholder. That’s terrific. But overall, you’ve seen a stock that’s really rolled over recently. We still look at Meta. It was our number one pick going into the year. I think it continues to be. We look at this pullback and took advantage of it yesterday. Bought another 1% and yes, we sit here today looking lucky and smart, but when you see weakness, those are the times to deploy capital.”

  Photo by Kaleidico on Unsplash Meta Platforms Inc (NASDAQ:META) biggest strength remains its huge user base, which continues to grow despite record levels. The company has 3.43 billion monthly active users as of March, up 6% year over year. This equals about half of the world's total population, giving the company immense power for monetization and data processing. Another overlooked element in Meta Platforms Inc (NASDAQ:META) business is its ads growth. The company, which depends on advertising for 98% of its revenue, is growing at a rate of 21% YoY.

First Eagle Global Fund stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its second quarter 2025 investor letter:

“Meta Platforms, Inc. (NASDAQ:META)—the parent company of Facebook, Instagram and WhatsApp, among other social-media platforms—reported strong revenue and earnings growth during the quarter, driven by increases in both ad impressions and price per ad. The company continued to aggressively invest and hire in AI, even as it develops its core advertising businesses. We believe these results demonstrate Meta’s ability to focus on both profitability and efficiency in conjunction with ongoing investments in the core ad business, the metaverse and other AI applications.”

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.